Economy

Madness of Late-Stage Capitalism

Late-stage capitalism has similarities to an aging billionaire terrified of microscopic germs – imagine Howard Hughes at the end of his days – trying to extend life by frenetically worrying about invisible dangers, writes Phil Rockstroh in this reflection on his father’s death.

Can the 1% Help Fight Poverty?

Synergos, a Rockefeller family NGO, seeks common ground with anti-poverty activists around the world. But do reformist groups funded by the rich help solve problems or perpetuate them – a question addressed by Danny Schechter.

Lessons from Gov. Walker’s Win

Exclusive: Wisconsin Gov. Scott Walker, the new rock-star of the Republican Right, rode a wave of corporate money and anti-union sentiment to a recall victory. But his win could wake up progressives to the need for more media outreach to educate citizens on the dangers of unchecked corporate power, writes Robert Parry.

The ‘Blame Obama’ Syndrome

Exclusive: The hot new thing in U.S. journalism is to trace the failures of Barack Obama’s presidency to his supposed personality flaws, thus explaining why the unemployment problem has not been solved and why the Democrats are in such a political fix. But this “analysis” is silly, writes Robert Parry.

Pity the Poor Billionaires

Billionaires, who are in the process of buying elections across the United States, want to carry out these “investments” in secret. They bristle at demands for disclosure and say listing their names and business interests may open them to public criticism, Bill Moyers and Michael Winship report.

Showing that Hostage-Taking Works

Exclusive: The U.S. news media has been quick to cite the lousy May jobs report as proof that President Obama’s economic stimulus has failed and that Mitt Romney’s odds of winning have improved. But the real winner is the Republican strategy to make the U.S. economy “scream,” writes Robert Parry.

GOP’s Strategy of Deception

Thomas E. Mann and Norman J. Ornstein, two veteran centrists who disdain partisan labels, finally said what nearly everyone knows to be true. In April, they penned a Washington Post article entitled, “Let’s just say it, the Republicans are the problem.” Yet, the GOP “problem” goes even deeper, says Beverly Bandler.

New Voice for Jailing Bank Execs

In a new book, Predator Nation, Charles Ferguson (who directed the Oscar-winning film “Inside Job”) says banking executives implicated in the fraud that devastated the economy in 2008 should go to jail, a position applauded by Danny Schechter, who has long advocated the same.

Memorial Day Gas Lower than Bush’s

Exclusive: A top Republican indictment of President Obama has been the surge in gas prices and his supposed inability to constrain them. But gas prices have been dropping and are now lower than they were last Memorial Day – and lower even than the last Memorial Day under President George W. Bush – notes Robert Parry.

How Crucial Is Media?

Perhaps the Right’s biggest advantage in U.S. politics is its advanced media infrastructure – built over several decades and designed to reach the entire country on a variety of levels – especially when it’s compared to the Left’s general neglect of a messaging system, an imbalance that Danny Schechter addresses.